Govt’s new 330-day deadline may not ease resolution bottlenecks3 min read 29 Jul 2019, 12:37 AM IST
Insolvency cases largely getting delayed after CoC approval owing to frivolous litigation, say stakeholders
Earlier deadline was 270 days, starting from the day a case had been admitted to bankruptcy
Even as the government moves to extend the final deadline for resolution of insolvency and bankruptcy cases from the current 270 days to 330 days, many lenders and bidders remain sceptical about the desired effect of the changes in regulations.
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